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Stilton Company reported the following in its general ledger. Using your knowledge of receivables transactions, match each of the transactions (a) to () with the
Stilton Company reported the following in its general ledger. Using your knowledge of receivables transactions, match each of the transactions (a) to () with the best description of the economic event. Accounts Receivable Service Revenue (b) 80,000 () 500 an. 1 20,000 (a) 120,000 59,500 500 120,000 Dec. 31 (f) 500 Allowance for Doubtful Accounts Bad Debt Expense an. 1 2,000 (d) 900 Dec. 31 2,400 (e) 500 900 500 1. Collect previously written-off account 2. Provide service on account 3. Write off uncollectible account 4. Collect accounts receivable 5. Record bad debt expense 6. Reverse previously written-off account
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